Are you keeping an eye on funding fees? š§ Many traders overlook this crucial detail, and it can turn into a significant 'big mistake' for your positions. Don't get caught off guard! š
Funding fees are paid or received by traders holding perpetual futures positions, typically every 8 hours. They help keep the perpetual contract price close to the spot price. High funding rates can significantly impact your profit and loss, especially on leveraged trades. š°
Always check the current funding rate before Entry or holding an existing position. A quick glance at the funding fee percentage can save you from unexpected costs or even liquidation risks. Stay informed and trade smarter! ā
